A loan of $925 helped to begin trade with clothing.


Nino's story

Nino is 35 years old. She lives in the small village of Khobi District with her husband, two children, daughter-in-law, and two grandchildren. Nino requested loans from local financial institutions several times for a family business start-up, but without any success. Her loan requests were rejected all the time because of low income and the family’s poor living conditions.

The family is actively involved in agricultural activities. In particular, they have 2 milking cows and two calves whose milk is used in cheese products. Besides this, they have 300 nut trees and 1.25 hectares of agricultural land where maize is grown. They sell cheese with the harvested nuts and maize locally at a good price. It is hardly enough for food for the family. According to Credo estimations the family belongs to the 'subsistence poor' category.

Nino requested a loan from Credo to start-up a family business. Nino has now been approved for a loan within the framework of the new joint initiative of Kiva and Credo. The start-up loan program envisages the provision of business start-up and re-startup credits with soft conditions to rural poor people who do not have access to credit products. These rural poor people are regarded as “high risk borrowers” because of their low income.

With her credit Nino will begin trade with clothing. She plans to purchase clothing at wholesale prices and then resell at higher prices among her villagers. This will increase the income of her family. The new business initiative, financed with the Kiva start-up loan, will significantly improve the living conditions of the family.



Loan details


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Loan details